Business Details
37 Years
experience
Insurance Premium Financing Solutions
Premco Financial was founded in 1989 by Clare Rothi, a seasoned insurance professional with 30 years of agency management experience. Our company was built on the principle of creating value for independent insurance agents through innovative financial solutions. Over the decades, we have grown into a nationally recognized finance company with over 90 insurance industry shareholders while maintaining our private ownership structure. Our executive team combines deep expertise in insurance, financing, and technology to deliver high-touch services that enhance operational efficiency for agents. We specialize in premium financing solutions that preserve working capital, eliminate credit checks, and provide flexible payment options for insureds.Our cash management services offer competitive deposit accounts with no lock-in periods, helping agencies maximize returns on idle capital. Through investment opportunities, we enable industry partners to capitalize on the growing demand for premium financing solutions. Our commitment to relationship-driven service ensures personalized attention to every client interaction. Headquartered in Kalamazoo, Michigan, we operate in 28 states and continue to expand our reach while maintaining the personalized approach that defines our company culture. With 34 years of industry experience, we have established a reputation for reliability, ethical practices, and consistent returns for our partners.
Services
Premium Financing
Cash Management
Investment Opportunities
Deposit Accounts
Agency Banking
Insurance Financing
Risk Management
Online Payments
Retention Programs
Branded Financing
Details
- Year established: 1989
Highlights and features
- We offer premium financing with no credit checks and simple applications
- Our 24/7 online account access provides real-time financial management tools
- We deliver personalized service with 34 years of industry expertise
- Our cash management solutions offer competitive rates with no minimums
- We maintain a diversified portfolio with rigorous risk assessment practices
Services
Premium Financing
Our premium financing solutions help insureds manage insurance costs through flexible payment plans. This service preserves working capital while maintaining coverage requirements. With no credit checks required, we make insurance more accessible while providing agencies with retention tools that strengthen client relationships.
Cash Management
Our cash management services offer competitive deposit accounts for insurance agencies. These accounts provide higher yields than traditional savings with on-demand access to funds. No minimum balances or lock-in periods make this solution ideal for agencies seeking to optimize idle capital.
Investment Opportunities
We offer investment options specifically designed for insurance industry professionals. These opportunities provide stable returns through our premium financing portfolio while maintaining strict risk management protocols. Investors benefit from transparent reporting and consistent performance tracking.
Risk Management
Our risk management approach combines rigorous underwriting with portfolio diversification. We employ experienced professionals who evaluate creditworthiness and implement safeguards to protect investor capital while maintaining regulatory compliance.
24/7 Account Access
Clients receive round-the-clock access to account information and management tools. This digital platform enables real-time monitoring of financing arrangements, cash positions, and investment performance through a secure, user-friendly interface.
People
Clare Rothi
Founder
With 30 years of insurance agency experience, Clare Rothi established Premco Financial in 1989 to address industry-specific financial needs. His vision created a company that combines personal relationships with technological innovation.
Questions
What is insurance premium financing?
Insurance premium financing allows policyholders to pay insurance premiums in installments rather than a single lump sum, improving cash flow management.
How does Premco Financial's cash management solution work?
Our cash management services provide high-yield deposit accounts with no minimums or lock-in periods, helping agencies maximize returns on idle capital.
Are credit checks required for your financing options?
No credit checks are required for our premium financing solutions, making insurance more accessible for insureds.
In which states do you operate?
We are licensed in 28 states including Michigan, California, New York, and Texas, with plans for continued expansion.
What investment opportunities do you offer?
We provide investment options tailored for insurance industry participants, offering stable returns through our premium financing portfolio.
How can agents benefit from your services?
Agents gain access to flexible financing solutions, retention programs, and 24/7 account management tools to enhance client relationships.
